World leaders cheer Supreme Court tariff ruling — but businesses must still navigate 'murky waters'
20.02.2026 16:54
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World leaders cheer Supreme Court tariff ruling — but businesses must still navigate 'murky waters'
BREAKING: The Supreme Court strikes down most of Trump’s tariffs in a major blow to the president's agenda.
There is no exception to the major questions doctrine for emergency statutes. Nor does the fact that tariffs implicate foreign affairs render the doctrine inapplicable. The Framers gave “Congress alone” the power to impose tariffs during peacetime. Merritt v. Welsh, 104 U. S. 694, 700. And the foreign affairs implications of tariffs do not make it any more likely that Congress would relinquish its tariff power through vague language, or without careful limits.
(a) IEEPA authorizes the President to “investigate, block during the pendency of an investigation, regulate, direct and compel, nullify, void, prevent or prohibit . . . importation or exportation.” §1702(a)(1)(B). Absent from this lengthy list of specific powers is any mention of tariffs or duties. Had Congress intended to convey the distinct and extraordinary power to impose tariffs, it would have done so expressly, as it consistently has in other tariff statutes. The power to “regulate . . . importation” does not fill that void. The term “regulate,” as ordinarily used, means to “fix, establish, or control; to adjust by rule, method, or established mode; to direct by rule or restriction; to subject to governing principles or laws.” Black’s Law Dictionary 1156. The facial breadth of this definition places in stark relief what ”regulate” is not usually thought to include: taxation. Many statutes grant the Executive the power to “regulate.” Yet the Government cannot identify any statute in which the power to regulate includes the power to tax. The Court is therefore skeptical that in IEEPA—and IEEPA alone—Congress hid a delegation of its birth-right power to tax within the quotidian power to “regulate.” While taxes may accomplish regulatory ends, it does not follow that the power to regulate includes the power to tax as a means of regulation. Indeed, when Congress addresses both the power to regulate and the power to tax, it does so separately and expressly. That it did not do so here is strong evidence that “regulate” in IEEPA does not include taxation.
Supreme Court absolutely bodies Trump on IEEPA.
Just complete groin kicking.
They could have said that IEEPA lets him impose tariffs in an emergency but that this didn't qualify as one of those, or he failed to define one.
It didn't.
It ruled IEEPA doesn't let him impose tariffs at all.
US Supreme Court rules Trump exceeded powers in imposing tariffs ft.trib.al/5CjsdD9
Thousands of farmers across India are set to gather for large-scale protests against the country’s long-awaited trade deal with the United States, an agreement that organizers say could pave the way for imports that will hurt domestic agriculture
Six Republicans joined most all Democrats in voting 219-211 on Wednesday to terminate the national emergency that Trump invoked in February 2025 to impose tariffs on Canadian imports. (The president is likely to veto it.)
by @aimewilliams.bsky.social & Lauren Fedor
The US president is likely to veto any anti-tariff legislation that arrives on his desk, but the vote will be seen as a blow to Trump’s efforts to reshape the global trade order and signals growing discontent among Republican lawmakers. ft.trib.al/LU4X3mw
US House votes against Canada tariffs in rare rebuke to Trump reut.rs/4rwzD5z
Donald Trump shocked Europe when he threatened the continent with tariffs to support his right to own Greenland.
But while the U.S. President has aborted his threat to take the Arctic island by force — online, the war is just getting started.
🔗 www.politico.eu/article/dona...
As the European Parliament dilly dallies over Mercosur, pt. 2...
Brazil is considering pushing for a partial trade agreement between the Mercosur bloc and China for the first time, in what would be a major shift for Latin America's largest economy.
🎙️ The US-India trade deal drives down tariffs, but hinges on a hard promise for India to keep — that it will stop buying Russian crude.
Listen to the Big Take Asia podcast with Oanh Ha and Sudhi Ranjan Sen ⤵️
The EU already had its work cut out to agree to impose a 50 percent tariff on steel imports by a summer deadline. Now, an attempt by lawmakers to graft a ban on Russian steel onto the measure has made things a lot more complicated.
President Trump's tariffs fueled U.S. Customs bond market boom. Now billions hang on Supreme Court ruling
“India has just negotiated the mother and father of all free-trade agreements with the European Union and America, respectively,” argues Arvind Subramanian. “It is likely that the latter reflected the logic of competitive liberalisation”
The U.S.-India trade deal announced on Monday by Trump delivers a major boost to a floundering relationship.
The trade deals with the EU and the US, along with other reforms recently implemented hold the potential to transform India into a paragon of openness and a manufacturing powerhouse, Arvind Subramanian argues in the Economist.
When the US raises tariffs on close allies, such as Japan and the EU, it can leverage the security guarantees on which they depend to discourage them from retaliating, notes Koichi Hamada. The same is not true for China. bit.ly/4ajn3PF
China and South Africa signed a framework agreement for a new trade deal on Friday as Africa's leading economy looks to other options following the high import tariffs imposed on it by the U.S. and its diplomatic fallout with the Trump administration. https://to.pbs.org/4tg8uVv
The EU has introduced anti-dumping tariffs of up to 54.3% on Chinese sweetcorn imports, citing harm to Europe’s €642m sweetcorn industry and its 3,500 workers.
Trump signs order threatening tariffs on nations doing business with Iran reut.rs/4a1OqyH
Trump moves to cut tariffs on India over Russian oil purchases following preliminary deal
Donald Trump eliminated the extra 25% tariff he had imposed on Indian goods, the first step to cement the terms of a trade deal announced earlier this week
Donald Trump enabled his administration to apply tariffs on goods from countries doing business with Iran, but stopped short of immediately imposing any
Canadian Prime Minister Mark Carney said he told U.S. President Donald Trump that he meant what he said in his speech at Davos, and told him Canada plans to diversify away from the United States with a dozen new trade deals. https://to.pbs.org/4a1lLbG
The administration of U.S. President Donald Trump is demanding that South Korea take concrete steps to implement its six-month-old trade deal with the U.S. in order to prevent tariffs from rising to 25%.
